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Originally Posted by Sink r8
(Post 2221302)
Doesn't seem like they're immune to me. I own a little AF/KLM stock, and they haven't done very well. War in Ukraine, economic collapse in Europe, revolution in Egypt... are all plays in which we might have seen but the first act.
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Originally Posted by gloopy
(Post 2221305)
That's not the point though. Whatever we do WRT the JV, we should get our half (at the very least) not 40-something percent and sometimes for years not even that. If there's less trans atlantic flying, so be it. We pull down they pull down.
Looking at just the 50%, you could "win" simply by having our partners pull back some flying, something they might be driven to do. Then what? I don't really know exactly how/why Delta chose not to comply, and I don't endorse it, but here we are. I don't know why the MEC focused on "winning" the RJ fight. They own the product, I don't. I think they screwed up both upside/downside protection on the RJ side, but only history will tell. History will also tell whether or not it was better to add a block-hour floor on WB flying, but I think that part actually makes sense. The whole thing feels neutral to me. I'd give it a B-. |
Originally Posted by Sink r8
(Post 2221312)
Right. So the other airlines might think fair is each airline gets 1/3. The others might want the VA flying to count against our share. Now Brexit. Tomorrow maybe Alitalia leaves? The whole thing is in flux. The world is in flux.
Looking at just the 50%, you could "win" simply by having our partners pull back some flying, something they might be driven to do. Then what? I don't really know exactly how/why Delta chose not to comply, and I don't endorse it, but here we are. I don't know why the MEC focused on "winning" the RJ fight. They own the product, I don't. I think they screwed up both upside/downside protection on the RJ side, but only history will tell. History will also tell whether or not it was better to add a block-hour floor on WB flying, but I think that part actually makes sense. The whole thing feels neutral to me. I'd give it a B-. I don't think it is, so I'll give that a D+ in this climate, and if things change maybe give it a C on the curve one day. From what I understand, that "floor" is a good bit below what we're already doing, and we're forgiving their current shortfall in the JV as well. Like I said, I think the 2 year no cure period is a win in and of itself, but I'm not sure it makes up for it. |
Originally Posted by spctrpilot
(Post 2221301)
Has anyone answered whether we are above or below 650000 hrs now and by how much?
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Originally Posted by Sink r8
(Post 2221312)
Right. So the other airlines might think fair is each airline gets 1/3. The others might want the VA flying to count against our share. Now Brexit. Tomorrow maybe Alitalia leaves? The whole thing is in flux. The world is in flux.
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Originally Posted by gloopy
(Post 2221336)
I'm also in favor of a BH floor. The real question is, is that floor high enough to more than make up for what we gave up?
I don't think it is, so I'll give that a D+ in this climate, and if things change maybe give it a C on the curve one day. From what I understand, that "floor" is a good bit below what we're already doing, and we're forgiving their current shortfall in the JV as well. Like I said, I think the 2 year no cure period is a win in and of itself, but I'm not sure it makes up for it. |
Originally Posted by trustbutverify
(Post 2221353)
And the other airlines would be wrong to think that. US population is around 345 mil. The population of all three representative regions for the JV partners is about 144 mil, for all three combined. Those numbers represent the revenue pool each brings to the table.
Using population, we should get ~40% of the flying. Seems like a self-defeating argument. |
Originally Posted by Sink r8
(Post 2221312)
Looking at just the 50%, you could "win" simply by having our partners pull back some flying, something they might be driven to do. Then what?
The underlying reason for my position is that we are supposed to be a UNION. Unions are supposed to be about protecting jobs, not outsourcing. I completely agree there has to be some reasonable flexibility in the interest of profitability and business flexibility. A 50% share seems pretty reasonable. |
Originally Posted by Sink r8
(Post 2221360)
The EU population is 509 million. This isn't a deal for flying to France, Italy, and Holland.
Using population, we should get ~40% of the flying. Seems like a self-defeating argument. And 40% isn't 1/3. |
Originally Posted by trustbutverify
(Post 2221362)
Does that include Great Britain?
If you were an AF/KLM pilot, you'd say it's outrageous that our part of the VA alliance eats into their share, of course, so I'm not sure how we handle VA. |
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